Keep an eye on Nvidia (NVDA).
After dropping from about $145 to $116.16, the tech giant has become oversold at support dating back to October. It’s also over-extended on RSI, MACD and Williams’ %R.
Helping, Bank of America analysts reiterated a buy on the NVDA stock, noting that NVDA is a “top pick ahead of NVDA’s FQ4′25 (Jan) earnings call scheduled for 26-Feb. We expect modest beat/inline sales guidance and lower GM [gross margins] in FQ1 (Apr) given Blackwell product transition/China restrictions,” as quoted by CNBC.


From its current price of $116.66, we’d like to see NVDA refill its bearish gap at around $145 a share, near-term.
Plus, the latest DeepSeek news is priced into the pullback. And there’s a lot to get excited about with the company – especially with the Stargate project – and its position as one of the top artificial intelligence chip providers.
Sincerely,
Ian Cooper
Recent Comments